Investment (Project) in Old town, Limassol for Sale

Traditional Residential Building - 12 Apartments

Located : Cyprus – Limassol Old Center (down Town)

Project Information

• The plot is 100% bought and registered on the company name, free on any loan and mortgage
• A planning permit approval is already being issued
• Complete Turn key Project Selling Price 2.500.000 euros
• Complete Turn key Project , market price 2.800.000 euros
• Direct Profit of Asset on deliver date will be 300.000 euros
• Net Yearly Return of Investment before Taxes 10 % (244.500 euros / 2.5mil)
• Net Yearly Return of Investment after taxes 9 % (218.763 euros /2.5 mil) 
• Buyer is saving VAT Tax 19% on selling price around 494.000 euros
• Buyer is saving the registration land office fees around 100.000 euros
• Payments Terms will be agreed between the Buyer and seller

Project Characteristics (Totally 12 Apartments): 

• Ground Floor Parking Space (Ground Area)
• Lobby Area, stairs and elevator (Ground Area)
• 12 Apartments (10 studios and 2 one Br) on 1st, 2nd & 3rd Floor
• Roof Garden with a pool (3m X 8m), barbeque area, sitting & relaxing area, sun beds with umbrellas, shower and w.c on the 4 th Floor

The style of the building will be the one of the old city with doors, windows, woodwork & iron work as well colors to remind how the old city looked at its prime keeping the authentic style of the area. There will be a remote-controlled private car entrance and a separate entrance to the lobby of the building. The face of the building will be a Π shape representing a corner location of the old city. 

12-15 month for the project to completed and delivered

Distance

• Anexartisias Shopping Street , 90 meters
• Sea Front , 300 meters
• Old Castle , 750 meters
• Old and New Marina , 800 meters